SB69 Alabama 2021 Session

Summary

Primary Sponsor

Shay ShelnuttSenator

Republican

Session

Regular Session 2021

Title

Insurance, flood insurance, exempt from rate filing and approval requirement, Sec. 27-13-21 am'd.

Summary

SB69 would exempt flood insurance from Alabama's rate filing and approval requirements.

What This Bill Does

It amends Section 27-13-21 to exclude flood insurance from the state's rate filing and approval process. As a result, flood insurance rates would not have to go through the state review and approval used for other lines of insurance. The bill maintains that flood insurance for motor vehicles is covered under inland marine provisions (Section 27-13-22). The act takes effect immediately after the Governor signs it into law.

Who It Affects

• Flood insurance providers (insurance companies that offer flood coverage) who would no longer need to file or obtain approval for flood insurance rates.
• Consumers who purchase flood insurance, who may see pricing changes set outside the state rate filing/approval process.

Key Provisions

• Amends 27-13-21 to exclude flood insurance from the rate filing and approval requirements.
• Flood insurance remains outside the main article's regulatory framework; flood coverage for motor vehicles falls under inland marine provisions (27-13-22).
• Effective date: immediately following the Governor's approval (becomes law when signed).

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Insurance